# PPP loan: MCLAREN TECHNICAL SERVICES, INC. ESOP TRUST
> **$4.63M** approved 04/15/2020 · Paid in Full · Loan `9325057106`
## Borrower
- **Name:** MCLAREN TECHNICAL SERVICES, INC. ESOP TRUST
- **Address:** 530 Chestnut Ridge Road, Woodcliff Lake, NJ, 07677
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.63M
- **Initial approval:** $4.63M
- **Forgiven:** $4.69M (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.71M
- **Rent:** $385K
- **Utilities:** $35K
- **Health care:** $380K
- **Debt interest:** $120K
- **Jobs reported:** 240
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*